Accelerating Open Banking's Evolution: Lessons for Mainstream Lenders

This fireside chat video, recorded earlier this year, features our partners, Bud Financial, and our client, incuto, discussing the evolution of Open Banking

Watch this video to:

  • Understand how Open Banking can enhance financial inclusion by enabling better access to credit products and promoting responsible lending.
  • Learn from incuto about their transformative use of Open Banking data and strategies to align lending, customer, and platform approaches to reach a critical mass.
  • Recognise the significance of the Consumer Duty regulatory change, which makes open banking an essential component of the modern lending experience.

By leveraging TransUnion's global infrastructure and insights expertise along with Bud's Open Banking and data intelligence platform, we can collectively improve financial inclusion and provide a more accurate and reliable understanding of each consumer's financial situation. This is all part of TransUnion's purpose: Information for Good.

 

To find out how you can leverage our partnership with Bud to make more informed lending decisions and enable better outcomes for your customers and business, download our latest ebook below.

TransUnion's Open Banking Platform

TransUnion’s ambition is to improve financial inclusion in the UK. From employing AI to improve models to using dashboards to engage customers in arrears to a powerful suite of data intelligence services consumed directly via an Open Banking API or via web dashboard. The next phase of Open Banking and open finance will deliver a customer experience that’s meaningful.

Talk to us to find out how TransUnion's insights and data solutions can help support your business and help deliver positive outcomes for you and your customers.

If you’re a consumer with questions or issues related to your personal credit report, drivers history report, disputes, fraud, identity theft, credit report freeze or credit monitoring services, please visit our Customer Enquiries page for assistance.

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